Latham Represents Blackstone and Blue Owl in Landmark Financing for Clio’s US$1 Billion vLex Acquisition

Clio, the global leader in legal AI technology, has announced it has completed its US$1 billion acquisition of vLex, one of the most significant transactions in legal technology history. Clio’s financing includes a strategic US$350 million debt facility led by Blackstone and funds managed by Blue Owl Capital.

The cross-border Latham private credit team was led by New York partners Paul Bonewitz and Nicole Fanjul, Los Angeles partner Josh Holt, Chicago counsel Shahid Jamil, with associate Jun Lei Lee and assistance from Ryan Ng. Advice was provided on UK private credit matters by London partners Paul Yin and Fergus Wheeler, with associates Nicolle Odutoye and Charlotte Hoggarth, and on Spanish private credit matters by Madrid partner Fernando Colomina, with associates Lourdes Colom and Jaime Grau. Advice was also provided on tax matters by New York partner Bora Bozkurt and London partner Karl Mah, with associates Lina Le Roux, Nicole Lim, and Kathryn Harrington; on uniform commercial code matters by New York partner Brian Rock and New York counsel Linda Kim, with associate Sean Travers; and on intellectual property matters by Bay Area partner Michelle Gross, with associate Claire Jensen.